My Picks

padiyaraa

Well-Known Member
Sir still on vacation ?
Hi All,
I have resumed my duty long back, But I was not able to open this site freely
from the work place. But later I find that, it is working fine in others browsers like Mozilla.
And I have posted some messages about that, but didn't appear at all.
I will find some idea and time to resume my postings.

Thank you for remembering me.
 

padiyaraa

Well-Known Member
Nifty:8963
will face resistance at 9004
A firm close above 9k can take nifty to 9130_9210 & 9290 level.
Nifty made a lower low in minor time frame, but a break below 8710
will definitely a lower low in daily, and expect market to go further down.
Support 8860
so be watchful for the level 8860_ 8804 & Below 8710 only a bearish
sentiment will be confirmed.

 
Last edited:

padiyaraa

Well-Known Member
Nifty:8947 below 8930 will see 8900 & 8870
will face resistance at 8970 & 9008 now
A firm close above 9000 can take nifty to 9130_9210 & 9290 level.
Nifty made a lower low in minor time frame, and yesterday it made a lower high even
A break below 8710 will definitely a lower low in daily candle, and expect market to go further down.
Support 8850 now
so be watchful for the level 8850_ 8804 & Below 8710 only a bearish sentiment will be confirmed.

 
Oh.. looked at this way, seems like there is an inverted H&S along the red line.
BankNifty : 20627
Below 20590 may see 20 470
Above 20660 it can go to 20720
support:20423
Below 20423 a bearish sentiment will be dominant.

 

padiyaraa

Well-Known Member
The broader market is waiting for an event or news
and may go side way for some time. Sideway Market
is bore some and make a repeated view for many days.
Nifty: 8924
will face resistance at 8970 & 9008 now
A firm close above 9000 can take nifty to 9130_9210 & 9290 level.
Nifty made a lower low in minor time frame, and yesterday it made a lower high even
A break below 8710 will definitely a lower low in daily candle, and expect market to go further down.
Support 8850 now
so be watchful for the level 8850_ 8804 & Below 8710 only a bearish
Sentiment will be confirmed.
 

padiyaraa

Well-Known Member
Bank Nifty : 20676 (chances to expire near 2540)
Below 20645 may see 20540 _20470
Above 20660 it can go to 20720_2070
support: 20423
Below 20423 a bearish sentiment will be dominant.
The said resistance 20720 yesterday touched at 20715
And the level 20536 also acted well as a support.
The broader market is waiting for an event or news
and may go side way for some time.
There is a descending triangle formation is hourly chart marked in blue square, descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns, regardless of where they form, descending triangles are bearish patterns that indicate distribution.
 

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